An entity received the following dividends during the current year:

P$500,000$ cash dividend from Seco Company in which the entity owned a $30\%$ interest.

P$600,000$ liquidating dividend from King Company in which entity owned a $5\%$ interest.

P$400,000$ cash dividend from Bow Company in which entity owned a $10\%$ interest.

Share dividend of $4\mathrm{.}000$ shares from Parr Company with the market price of P$20$ per share.

$5,000$ shares of Lark Company in lieu of cash dividend of P$20$ per share. The entity owned $50,000$

shares of Lark Company with market price of P$150.$

What amount should be reported as dividend income for the current year?

a$.1,650,000$

b$.1,000,000$

c$.1,150,000$

d$.1,400,000$